Question

The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The marginal cost of killing bison is 0. What is the optimal bison-killing tax (per bison) to avoid the tragedy of the commons in this forest?

Answer 1

Answer: 20.99

Explanation:

The optimal bison-killing tax is 20.99

Before the optimal bison-killing tax (per bison) is gotten, we had to calculate the optimum amount of killing first which is represented by b.

After b has been gotten, the value of b was 19.1 and this was slotted into the tax in order to get the value of t.

The analysis and explanation has been attached below